#SmallBusinessAmerica: Bank run in Silicon Valley. @GeneMarks @Guardian @PhillyInquirer

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John Batchelor

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4.5 • 2.8K Ratings

🗓️ 11 March 2023

⏱️ 13 minutes

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#SmallBusinessAmerica: Bank run in Silicon Valley. @GeneMarks @Guardian @PhillyInquirer
https://www.wsj.com/articles/svb-financial-pulls-capital-raise-explores-alternatives-including-possible-sale-sources-say-11de7522

Transcript

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0:00.0	Today on Good Different News, Paul finds Brits disliked talking about weather.
0:04.8	Oh, it's raining.
0:05.8	And more Good News just in at Suzuki.
0:08.4	With tech packed in and two years free servicing until 31st of March,
0:12.4	get great cars like the Swift, S-Cross and Vitara at prices you wouldn't expect.
0:17.2	Join us next time for more Good News, hopefully.
0:20.2	Search Suzuki Cars, Suzuki Good Different.
0:23.4	Offer applies to UK private retail purchases from participating Suzuki dealer terms
0:27.0	and exclusions apply C-Constance.zugie.co.uk.
0:35.0	This is CBS.
0:36.0	I am the world.
0:37.0	I'm John Batchett, a small business in America,
0:39.5	a small business report from Gene Marks,
0:42.0	the small business columnist for the Guardian newspaper, the UK edition,
0:46.0	where they've avoided a recession, and the US edition where we're waiting for the recession.
0:50.8	The headlines of the day, however, competing for what is more threatening,
0:55.5	what is more unnerving for small business America.
1:00.5	The two headlines.
1:02.0	US economy added 311,000 jobs in February.
1:05.5	That sounds like a big positive.
1:07.5	And then Silicon Valley Bank collapses following run on deposits.
1:12.5	A big negative.
	...

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